Appreciation Rates ... How to look them up
Is there a calculator or a good predictor for gauging appreciation in one city over another? Would love to compare a few before I purchase my first STR :)
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Hi @Sarah Hylander, The best resource I've found is Zillow data. https://www.zillow.com/researc... Under the "Home Values Forecast" section you can download an excel sheet with Zillow's 1-year appreciation projections. You can filter the spreadsheet by state, city, or even zip code. I have found this to be a helpful tool when comparing different areas.
As Greg alluded to, I would take this data with a grain of salt as I am sure they just use an algorithm to create the forecasts. I would also use other metrics such as jobs and population growth to help with your decision.
Best of luck with your first STR! We have a couple LTR's and are looking to purchase our first STR soon as well.